Fuel demand had slumped by a record 48.6 per cent in April to 9.4 million tonnes as the government imposed a nationwide lockdown in an attempt to curb the spread of coronavirus. The decline in August was the sixth consecutive year-on-year slide. India’s fuel demand in August posted its biggest decline since April as local…
While inaugurating 56 CNG stations today, Union Minister Dharmendra Pradhan said India is moving towards becoming a gas-based economy. The newly commissioned CNG stations are spread across Andhra Pradesh, Bihar, Chandigarh (UT), Gujarat, Haryana, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand and West Bengal. They belong to different public and private city…
01 Sept. 2020-New Delhi: Crude oil prices on Monday rose by Rs 42 to Rs 3,191 per barrel as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for September delivery traded higher by Rs 42, or 1.33 per cent, at Rs 3,191 per barrel in 3,205 lots. Analysts…
LONDON, Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well supplied market. Brent crude futures for November advanced to $46.50 a barrel by 1143 GMT…
01 Sept. 2020-CAIRO – 31 August 2020: Egypt’s gas exports have more than doubled to reach 4.5 billion cubic meters in 2019, compared to 2 billion cubic meters in 2018, data from the British oil production company BP revealed. The company stated in its annual statistical review of world energy that 1.7 billion cubic meters…
01 Sept. 2020-MOSCOW: Russian oil pipeline monopoly Transneft said on Monday crude oil exports via its network of pipelines are seen steady next month, according to a report by the Interfax news agency. It said the export plan had been set at 15.7 million tonnes in September compared with 16.2 million in August, which is…
01 Sept. 2020-MOSCOW: Kazakhstan sharply cut shipments of oil to China in July and August as it reduced output under the global producers’ pact and because of their low profitability compared with westward shipments through Russia, four industry sources told Reuters. Exports of Kazakh crude to China fell to 12,100 tonnes in July, their lowest…
01 Sept. 2020-Filmus believes current oil companies operating in the Falklands could be tempted to move to the Argentine zone and greater legal certainty Oil and fisheries will spearhead Argentina’s new efforts in its sovereignty claims over the Falkland Islands, according to Martin Dinatale, an Argentine columnist with good contacts in the foreign ministry and…
01 Sept. 2020-HANOI – Vietnam’s state oil firm PetroVietnam on Monday signed a contract with Cuu Long JOC to purchase gas and condensate from its Su Tu Trang field at Block 15-1 offshore the Southeast Asian country. The deal is for the purchase of 600 million cubic metres of gas and nearly one million barrels…
01 Sept. 2020-IMPHAL, Aug 31: As many as 6 lakh consumers have been deprived of LPG cylinders as transporters’ strike enters 4th day, said IndianOil today. Appealing to the LPG transporters to call off their strike, the IndianOil, in a statement, asserted that the “unjustified” agitation by the transporters since August 27 has put its…
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